COVID-19 is reshaping the way we live. It will be interesting to see how the pandemic has shifted our housing market and the needs of future buyers.
The own vs. rent discussion is never-ending. Every person's situation is different, but I think the pendulum sways to being a homeowner. Homeownership will provide stability because you do not have to worry about the landlord selling.
Also, buying a tenant occupied home is challenging. Doing it during a pandemic is even harder because tenants can be protective of their space.
Many people have been hunkered down at home for months. My wife and I have been working from home since mid March. We have been forced to use our space more creatively since we are in our condo all day and night. We had to move a few things to find the perfect space to have our Zoom meetings. In addition, we've been trying to re-envision our lanai so we can use it more effectively. Working from home has made us view our home with a different lens.
COVID-19 is affecting the future of home design. I can see homeowners shifting towards touch-free faucets, appliances, and toilets. More so, will homeowners be more interested in antimicrobial counter tops and flooring? Even if a vaccine is created, I believe cleanliness will still be very important for homeowners. Here are some questions to mull over:
How has the pandemic shifted your perspective on homeownership?
If you had to purchase a new home, what are some features you would want? This can include a fitness room/space, private indoor and outdoor living, in-unit home laundry, storage, etc.
We currently have no roadmap to what the future will look like. I am interested in learning more about what you want in a home.